Beacon Housing Corporation

Analysis

Beacon Housing Corporation is a registered charity in United States, based in Newton, IA. It received its IRS tax-exemption ruling in April 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Beacon Housing Corporation reported income of $110k and spending of $126k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income grew from $79k to $110k (+39%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beacon Housing Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within IA. Charities of a similar size with the same main cause include Alumni Association of the State University College at Brockport in ($110k), New York Society for Surgery of the Hand Inc ($110k) and Pottwatomie County Historical Society ($110k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $604k against liabilities of $57k, net assets of $547k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.